HD Hyundai: Updated NAV Analysis and Record Results in 1Q 2026
My base case NAV valuation of HD Hyundai is market cap of 30 trillion won or target price of 380,300 won per share which represents 27.4% higher than current price.
HD Hyundai reported sales of 19.6 trillion won (up 14.7% YoY and 4.5% higher than consensus) and OP of 2.8 trillion won (up 120.4% YoY and 57.2% higher than consensus).
Post the company’s record breaking results, I expect the consensus to increase earnings estimates in 2026 and 2027 by 10%-20%+.
HD Hyundai Financial Status (Source: HD Hyundai)
